CL Educate Limited — Board/Management Information 2018

Oct 6, 2018

To Department ofCorporate Sen.'ices, BSE Limited Phiroze Jeejeebhoy Towers, Dalai Street, Mumbai - 400 001

To Listing Department, National Stock Exchange of India Limited C-1, G-Block, Bandra-Kurla Complex Bandra, (E), Mumbai - 400 051

Scrip Code: 540403, Scrip Symbol: CLEDUCATE ISIN No.:- INE201M010n

Dear Ma'am/Sir(s),

Sub; Outcome ofBoard Meeting dated October 06.2018

In continuation of our letter dated October 04, 2018, please be informed thatthe Board of Directors ofthe Company at its meeting held today i.e. Saturday, October 06, 2018, inter alia, considered and approved the following;

1. Appointment of Mr. Arjun Wadhwa as the Chief Financial Officer of the Company and designating him as a Key Managerial Personnel ofthe Company with effect from October 15, 2018, based on the recommendations ofthe NRC Committee and the approval ofthe Audit Committee;

The Disclosure pursuant to Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09,2015 is given as Annexure 1.

1. Taking note of Resignation of Genpact Enterprise Risk Consulting LLP asthe Internal Auditors ofthe Company and its Subsidiaiy Companies dated September 27, 2018;

Genpact Enterprise Risk Consulting LLP has resigned as the Internal Auditors ofthe Company and its Subsidiary Companies, onSeptember 27, 2018, based onmutual agreement.

1. Pursuant to the resignation of Genpact Enterprise Risk Consulting LLP as the Internal Auditors ofthe Company and its Subsidiary Companies, Appointment of Value Square Advisors Private Limited, Business Advisors and Chartered Accountants as the Internal Auditors of the Company and its Subsidiary Companies for the Financial Year 2018-19, based on the recommendations of the Audit Committee;

Based on the recommendations of the Audit Committee, Value Square Advisors Private Limited, Business Advisors and Chartered Accountants has been appointed as the Internal Auditors of the Company and its Subsidiary Companies for the Financial Year 2018-19 with effect from October 06 2018.

BriefProfile

Value Square Advisors Private Limited, Business Advisors and Chartered Accountants, is a private limited company based in New Delhi. The company was incorporated on May 17, 2018 and the CIN of the Company is U74999DL2018PTC334065. The company, asondate, has two Directors.

CL EDUCATE LIMITED Registered Office / Corporate Office: A- 41, Lower Ground Floor, Espire Building, Mohon Co-operative Industrial Area, Main Mathura Road, New Delhi - 110044. Tel +91-11-4128 1100/0800 Fox +91 -11-412 81101 www.cleducate.com CIN No.: L74899DL1996PLC078481

1. Pursuant to the resignation of Mr. Sridar A. lyengar, Non-Executive and Independent Director & Chairman of the Audit Committee, reconstitution of the Audit Committee of the Board by inducting Mr. Girish Shivani, Additional Director (Independent & Non-Executive), on the as the Audit Committee as its Chairman;

With effect from October 06, 2018, the constitution of the Audit Committee of the Company is as follows:

s.No.	Name oftheMembers	Designation on Committee	Designation on Board
1.	Mr. Girish Shivani	Chairman	AdditionalDirector(Independent&NonExecutive)
2.	Ms. Madhumita Ganguli*	Member	Non-ExecutiveIndependent Director
3.	Mr. Viraj Tyagi	Member	Non-ExecutiveIndependent Director
4.	Mr. Gopal Jain	Member	Non-ExecutiveNonIndependent Director

* Ms. Madhumita Ganguli shall act as the Chairman ofthe Audit Committee and shall assume all the duties responsibilities etc. ofthe Chairman in the absence ofMr. Girish Shivani, Chairman ofthe Audit Committee.

The meeting ofthe Board of Directors commenced at 03:00 P.M and concluded at p.rp\

The information is also available on the website ofthe Company (www.cleducate.com).

Kindly take the above on record.

Thanking You

For and on behalfof CL

Rachna Sharma Company Secretary anBDompIiance Officer Membership No.: AI7780

Place: New Delhi Date: October 06, 2018

Annexure 1

S.No.	Disclosure requirements	Details
1.	ReasonforChangeviz.appointment,	Mr. Aijun Wadhwa has been appointed as the Chief
	resignation, removal, death or otherwise	ofFinancialOfficertheCompany&hasbeen
		designated as a Key ManagerialPersonnel of the
		Company.
2.	ofDateAppointment/oossation(asapplioabio)	Date ofAppointment is October 15, 2018.
	Terms ofappointment
3.	Brief Profile (in case ofappointment)	Mr.ArjunWadhwa,aged38yearsholdsa
		Bachelor'sDegreeinStatisticsfromSri
		VenkateswaraCollege,DelhiUniversity,an
		Advanced Diploma in Software Technology, and a
		PGPMfromMDI,GurgaoninFinanceand
		Information Systems.
		Mr.ArjunWadhwawillreplaceMr.Sudhir
		full time CFO ofBhargava as thethe Companywith effect from October 15,2018.
4.	Disclosure ofrelationships between Directors(in case ofappointment ofa Director)	Not Applicable